Press releases

Looking at the geography of the funding applications, Deputy Prime Minister Octavian Calmîc, Minister of Economy, mentioned that the ‘PARE 1 + 1’ programme directly contributes to the achievement of the Government’s social-economic policy objectives, including by increasing productive investments in business activities in the Republic of Moldova stemming from remittances, supporting the return of migrant workers home, and generalising the volume of investment in the country. “The “PARE 1 + 1” programme has a growing interest among migrants and their relatives, leading to a steady increase in the number of people interested in returning home or investing remittances in the creation and development of their own business”, said the Minister for the Economy.

Iulia Iabanji, Director of the Organisation for the Development of Small and Medium-sized Enterprises (ODIMM), mentioned that RON 1 million is planned in the state budget for the implementation of the ‘PARE 1 + 40’ programme and that the institution is carrying out an extensive programme of training, analysis and evaluation of grant applications and monitoring of beneficiaries.

The Director of ODIMM stressed that 49 per cent of companies receiving grants are in the expansion/business development phase and 51 % in the start-up phase. Of all the applications received, 15 businesses are created by migrant workers, who have returned from abroad, and 18 by first-degree relatives of migrants. Statistics also show that 60 percent of businesses are created and run by women and 23 % by young people.

Out of the total grant applications, 20 businesses are started in agriculture and are oriented towards growing cereals and vines, cultivating chillies, vegetables in protected areas, etc. 7 companies, which have been accepted for the grant, are active in the field of service provision and another 6 in the manufacturing sector.

The analysis of the origin of remittances shows that the 33 applicants invest remittances from their work in 14 countries: Italy, Germany, Russia – 3 each, France, Israel – 2 each, Denmark, Iceland, UAA, Ukraine, United Kingdom, Romania, Spain, Portugal and Ireland – one person each.

Also today, the Supervisory Committee of the Programme for drawing up remittances in the economy “PARE 1 + 1” accepted the decision to initiate the procedures for introducing amendments to the programme’s regulation, including increasing the maximum amount of non-reimbursable funding allocated from RON 200 thousand to RON 250 thousand.